The global Commercial Drones market was valued at US$ 2563.1 million in 2020 and it is expected to reach US$ 12890 million by the end of 2027, growing at a CAGR of 25.4% during 2021-2027.
An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft without a human pilot aboard. UAVs are a component of an unmanned aircraft system (UAS); which include a UAV, a ground-based controller, and a system of communications between the two. The flight of UAVs may operate with various degrees of autonomy: either under remote control by a human operator or autonomously by onboard computers.
The growing adoption of smartphones, rising demand for aerial services, and increased demand for drone services from various sectors would supplement the growth of commercial drone market. Leading players are aiming to explore new technologies and applications to meet the growing demands of customers. Collaborations and acquisitions would enable them to enhance their product portfolios and expand into different geographies. Emerging economies would provide opportunity for growth and expansion. Vendors are developing specialized solutions for small and medium-sized businesses to meet their specific business requirements.
Global Commercial Drones Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Commercial Drones Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are AeroVironment, SZ DJI Technology Co., Ltd., Parrot SA, 3D Robotics, Leptron Unmanned Aircraft Systems, PrecisionHawk, Yuneec International Co. Ltd., Aeryon Labs, Trimble Navigation Ltd., Insitu and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-commercial-drones-market-research-report
Segment by Type
- Fixed Wing Drones
- Rotary Bade Drones
- Hybrid Drones Segment
Segment by Application
- Agriculture and Environment
- Media and Entertainment
- Construction & Archaeology
Table of Content:
1 Commercial Drones Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Commercial Drones Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Commercial Drones Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta